Borr Drilling (NYSE:BORR – Get Free Report) was upgraded by equities research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Friday, FinViz reports. The firm currently has a $9.00 target price on the stock. Evercore ISI’s price target indicates a potential upside of 70.45% from the stock’s previous close.
Borr Drilling Stock Performance
Borr Drilling stock opened at $5.28 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s 50 day moving average is $6.23 and its 200 day moving average is $6.20. Borr Drilling has a twelve month low of $5.09 and a twelve month high of $7.80.
Borr Drilling (NYSE:BORR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.12 earnings per share for the quarter. Borr Drilling had a return on equity of 7.69% and a net margin of 8.15%. The company had revenue of $271.90 million for the quarter.
Hedge Funds Weigh In On Borr Drilling
Borr Drilling Company Profile
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.
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